rjs
Level 15
Level 15

Investors & landlords

It's not clear what you're looking at when you state the amount of your "taxes." Are you looking at the tax on Form 1040 line 16, or are you looking at the total tax on Form 1040 line 24, or some other tax amount? The tax on line 16 is based on the taxable income on line 15, but at various rates, as I said above. But there may be other taxes included in line 24 in addition to the tax on line 16. The other taxes are not based on the taxable income on line 15.